Question: If clinical productivity targets are exceeded by the department, does this increase the size of the entire incentive payout pool or is only the pool of dollars for clinical incentives grown?
Answer: The dollars used for all incentive payouts for the departmental compensation plans are generated from the clinical mission. Hence, if a department exceeds budgeted clinical productivity targets, the entire incentive pool for that department will increase proportionally. The incentive pool accrues during the fiscal year the clinical work is performed and is paid out for the work accomplished in that fiscal year in accordance with the applicable departmental compensation plan. The percentage of the incentive pool dedicated to the different mission areas will be defined by each departmental compensation plan.
If you have specific questions about the Clinical Compensation Plan redesign, please contact your department chair or Department Compensation Plan Committee members. You may also send an email inquiry to: clinicalcompplan@uvahealth.org. For more information, visit the Clinical Compensation Plan website.
Filed Under: Clinical